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Gold Price News: Will gold become expensive or cheaper next week? Watch these 3 key factors
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CNBC Awaaz•18-10-2026, 21:08
Gold Price News: Will gold become expensive or cheaper next week? Watch these 3 key factors
- •Gold prices saw a decline last week on the Multi Commodity Exchange, with December delivery falling by about 2.4 percent.
- •Silver witnessed an even bigger drop, plummeting by 6.4 percent to reach ₹2.11 lakh per kg.
- •Market participants will closely monitor West Asian tensions and Brent crude oil prices approaching $110 per barrel.
- •The movement of the rupee will play a crucial role since a stronger currency can reduce import costs and lower domestic gold prices.
- •Key economic data releases from the US, China, UK, and India, including inflation and consumer confidence, will drive market direction.
Key Questions Answered
On the Multi Commodity Exchange (MCX), gold for December delivery fell by ₹3,581 or about 2.4% to close at ₹1.48 lakh per 10 grams, while silver for December delivery plummeted by ₹14,568 or 6.4% to reach ₹2.11 lakh per kg last week.
Investors are closely watching West Asian tensions around the Strait of Hormuz, crude oil prices near $110 per barrel, the movement of the rupee, and upcoming economic data from the US, China, and other global markets.
Because India imports a large part of its gold requirement from abroad, a stronger rupee can reduce import costs and potentially lower gold prices in the domestic market.
